THE CONDO BOOK PROJECT

Siena Condominium

31-27 Crescent Street, Queens, NY 11106

Overview

Units
28 residential · 14 parking
Subway
7 min walk to Broadway N W30 Av N W, 9 min
Principals
Bruno Cerrone, Robert Cerrone, Vincent Ali, Jr.
Average $/sf
$1,217Homes in Schedule A, as first offered
Common charges
$387–$841 a monthSponsor's first-year estimate in Schedule A, June 1, 2024 Through May 31, 2025
Offering price
$25.1 million total $24.8 million when first offered

The sponsor of record is Crescent Street Realty Associates LLC, represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 420 pages. The sponsor has filed 6 amendments, the latest in August 2026. The nearest other condo plan on file is 31-22 29th Street Condominium, next door.

Plan CD230083 · New · accepted Nov 10, 2023 · AG record ↗

Compare

FigureThis building1Vela Astoria228 units · 0.5 miaccepted 2023Sunrich Tower324 units · 0.3 miaccepted 2023
Common ChargesPer Square Foot / Month$0.70Above peers$0.36$0.63
Average Offering PricePer Apartment$852,888In line$1.11M$762,324
Average PricePer Square Foot$1,217Below peers$1,255$1,223
Property TaxesPer Square Foot / Month$1.08Above peers$0.95$0.47
Average Unit SizeSquare Feet701 SFIn line883 SF623 SF

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Unit mix, closings, budgets, finishes and the team, against Vela Astoria and Sunrich Tower, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Queens plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed100% of the homes in Schedule A28 of 28
Closing prices vs. Schedule A17 homes: $14,643,746 at closing against $14,104,800 in Schedule A (p. 45)+3.8%
Average closing price17 homes, on their Schedule A square feet$1,247 / SF
Closingsfirst and latest recordedOct 25, 2024 – May 13, 2025

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 31 closings
HomeRecordedClosing priceSchedule ADifference
3COct 25, 2024$811,806$800,400 p. 45+1.4%
3AOct 31, 2024$867,848$800,400 p. 45+8.4%
NO 8Oct 31, 2024$867,848——
5ENov 22, 2024$782,500$785,000 p. 45−0.3%
7BNov 22, 2024$880,786$859,000 p. 45+2.5%
2ENov 26, 2024$751,469$722,200 p. 45+4.1%
5ANov 27, 2024$847,665$825,000 p. 45+2.7%
6DDec 3, 2024$857,756$830,000 p. 45+3.3%
5BDec 6, 2024$926,716$845,000 p. 45+9.7%
NO 3Dec 6, 2024$926,716——
3DDec 9, 2024$861,949$775,000 p. 45+11.2%
PS 14Dec 9, 2024$861,949——
NO 6Dec 11, 2024$2,446,451——
NO 7Dec 11, 2024$2,446,451——
PHCDec 11, 2024$2,446,451——
PHDDec 11, 2024$2,446,451——
5DDec 17, 2024$850,239$809,000 p. 45+5.1%
4ADec 20, 2024$882,984$815,000 p. 45+8.3%
NO 10Dec 20, 2024$882,984——
4DDec 23, 2024$817,460$789,000 p. 45+3.6%
4EJan 9, 2025$792,163$765,000 p. 45+3.6%
NO 12Jan 13, 2025$916,425——
PHAJan 13, 2025$916,425——
6BJan 14, 2025$918,304$849,000 p. 45+8.2%
NO 4Jan 14, 2025$918,304——
3EFeb 4, 2025$811,620$747,000 p. 45+8.7%
NO1Feb 4, 2025$811,620——
5CFeb 5, 2025$827,483$820,000 p. 45+0.9%
PS9Feb 5, 2025$55,502——
2BMay 13, 2025$1,155,000$1,268,800 p. 45−9%
NO 5May 13, 2025$1,155,000——

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Crescent Street Realty Associates LLC
Principals
Bruno Cerrone, Robert Cerrone, Vincent Ali, Jr.
Tax estimate
SJP Tax Consultants, Inc.Prepared the first-year real estate tax projection

From our research: Do NYC Developers Rehire the Same Firms?

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